Breaking Down The Home Construction Loan Draw Process: Everything You Need To Know скачать в хорошем качестве

Breaking Down The Home Construction Loan Draw Process: Everything You Need To Know

In this Q&A podcast, Adam Black... Your Lender, For Your Life sits down with Brian Nesbitt from First Commercial Bank to break down the construction draw process during the home construction period. If you’re building a home in Madison Mississippi, understanding how the draw process works is essential for managing your project’s finances and timeline. Key Questions Answered in This Video: 🏗️ What is a construction draw, and how does it work? 💵 How are funds repaid during the construction process? 🔄 How often can draws be made, and how are they completed? 📊 How does the bank ensure fair pricing from subcontractors through percentage-of-completion comparisons? 🛡️ How does the bank protect you throughout the construction process? ⏳ What happens if the construction process goes over the time limit? We’ll guide you through the step-by-step process of managing construction draws, ensuring your project stays on budget and on track while giving you peace of mind during the building process. ☑️☑️ Click Here For Our Home Buyer Planning Kit: https://mailchi.mp/1d646cb3ccdf/home-... ☑️☑️ Why Watch This Video? Learn how to confidently navigate the construction draw process. Understand the role of the bank in protecting your interests. Get answers to common questions about timelines, payments, and completion checks. Connect With Us for Expert Construction Loan Guidance: Have questions about the draw process or home construction financing? Contact us today – we’re here to help you every step of the way! 🌐 www.adamblackmortgage.com 🌐 📞 601-540-0302 📞 📧 [email protected] 📧 What questions do you have about the home construction draw process? Let us know in the comments! Don’t forget to like, subscribe, and hit the notification bell 🔔 for more valuable insights on home construction and mortgage advice. Hashtags and Keywords: #ConstructionLoan #HomeConstructionProcess #ConstructionDraws #BuildingAHome #MortgageAdvice #YourLenderForYourLife #HomeBuildingTips 00:00 Introduction 00:49 What is the draw process? 01:13 How is your payment determined? 02:43 How do I know who to pay and when? 04:16 How the bank protects you during the process. 06:54 How often are the draws completed? 07:26 What happens if my construction process goes over the time limit? 08:40 Closing